cash envelopes

Feeling overwhelmed by financial questions and unsure how to manage your budget effectively? In this episode, we address common struggles in personal finance and provide actionable steps to overcome them. Join us as we dive into a live Budget Strategy Session, where the members of the Money Plan Bootcamp share their challenges and learn how to navigate budgeting, saving, and debt repayment. Whether you're struggling with paycheck allocation or juggling unexpected expenses, this episode offers practical insights to help you take control of your finances. Hosting Today: Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier. I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems. Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others. “Well, it can feel like you're stuck or not making any progress because you're still in that messy phase of trying to get caught up. But once you get there, imagine how much more progress you're going to be able to make compared to if you hadn't been doing any of this at all, right? Then you'll be able to see the reward and feel the progress.” - Ashley Patrick Do you need time, space, and accountability to take action on the things you KNOW you should be doing, such as budgeting so you can actually pay off debt, save money, make a meal plan, and all the other things that keep falling off your to-do list? Would you thrive in a supportive community of other busy moms who understand what you're going through and are working to achieve similar financial goals? If that’s a YES, I invite you to sign up for the Money Success Club at www.budgetsmadeeasy.com/msc And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes Resources and Links Mentioned: * If you'd like to join us in Money Success Club go to www.budgetsmadeeasy.com/msc we'd love to have you! Connect with Ashley: * Instagram: www.instagram.com/budgetsmadeeasy

Are you struggling to keep up with unexpected expenses that keep popping up and wrecking your budget? Have you ever heard of sinking funds but have no idea what they are or how they work? If you've ever wondered what the term sinking funds mean, then you're not alone. In this episode, we'll dive deeper into the concept of sinking funds and how they can be used to plan and save for unexpected expenses without feeling like a failure. If you're looking to take control of your finances, then stay tuned for this episode on sinking funds. Hosting Today: Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier. I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems. Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others. “It's important to make a list and make a priority list, like put it in an order of what is most important to you, down to the least important. And then as money comes in, you know where it needs to go. So it's so important to make a plan for extra money so that when it comes in, it doesn't just disappear because you do still need to have a plan for it. Just like you have a plan for your regular paychecks and that is how you're gonna be able to stay on track and not get derailed when things pop up.” - Ashley Patrick Timestamps: 00:00 - What today's episode is about 02:33 - What are sinking funds and why do you need them 03:30 - Examples of sinking funds 05:26 - Tips for setting up sinking funds effectively 07:09 - The benefits of using cash envelopes to manage your sinking funds 08:39 - The importance of prioritizing your money plan 09:46 - Creating a priority list 11:18 - The role of a miscellaneous fund in your budget 14:01 - How to access your free Budget Starter Kit For easy step by step directions and worksheets on getting your budget together and done in 30 minutes a month, download my FREE Budget Starter Kit on www.budgetsmadeeasy.com/start And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes Resources and Links Mentioned: * Budget Starter Kit: www.budgetsmadeeasy.com/start * Luxe wallet (cash envelope wallet): www.shopluxewallet.com 10% off code: BMEasy10 Connect with Ashley: * Instagram: www.instagram.com/budgetsmadeeasy